If it was determined that the movement of exchange rates was not related to previous exchange rate values, this implies that a ____ is not valuable for speculating on expected exchange rate movements.
A) technical forecast technique
B) fundamental forecast technique
C) All of these are correct.
D) None of these are correct.

Question

Quizplus · Accepted Answer

If previous exchange rate values do not affect the movement of exchange rates, then technical analysis, which relies on historical price patterns and trends, would not be valuable for predicting future movements. Fundamental analysis, on the other hand, looks at economic and political factors that could affect exchange rates, and may still be useful in this scenario.

If It Was Determined That the Movement of Exchange Rates